$3,375,000

1544 S Ocean Shore Boulevard, Flagler Beach, FL 32136

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$3,375,000

1544 S Ocean Shore Boulevard Flagler Beach, FL 32136 - ATLANTIC OCEAN

For Sale MLS# V4935284

6,796 sq ftCommercial

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Data current as of 20/04/2024 23:17:12

Details for 1544 S Ocean Shore Boulevard

MLS# V4935284

Description for 1544 S Ocean Shore Boulevard, Flagler Beach, FL, 32136 - ATLANTIC OCEAN


Welcome to the beachfront community of Flagler Beach, Floridaa Charming Retro Beach CommunityThe Beachfront Motel is a 20 room motel located on scenic A1A with unobstructed ocean views in the tourist district of downtown Flagler Beach. Flagler Beach has Old Florida charm with locally-owned businesses offering restaurantes (no chains) with homemade cooking, local artists’ creations, and small town hospitality. The city of Flager Beach has six miles of beaches, bountiful fishing, beachside shops, waterfront restaurants and State parks. Its laid-back atmosphere and retro vibe makes it a popular destination for vacationers looking for a blend of relaxation and things to do. Key Features1. **Convenient to Travel** South of Flagler Beach is Daytona Beach (15 miles) and Orlando (75 miles). North is St. Augustine (35 miles) and Jacksonville (75 miles).via I-95 or the scenic route on A1A.2. **Prime Location**: Situated on scenic SR A1A with unobstructed ocean views, the property offers easy access to the beach via a dune walkover across the street. This part of the beach is pet friendly as is the Motel. Its walkable proximity to entertainment, shopping, and dining options makes it highly desirable for tourists.This walkability, plus the laid-back nature of Flagler Beach, have lured visitors away from busier beach towns like Hilton Head and New Smyrna Beach. 2. **Turn-Key Motel Business** Built in 1967, the current owner has owned and operated the property for 27 years, making improvements and upgrades to the Motel and rooms over the years, the latest being a new roof in 2024. Beachfront Motel has a loyal following with consistent repeat business. Additionally, there is a strong management team currently in place that has significantly increased positive online reviews and bookings. 2023 bookings were increased 10% over those in 2022.3. **Strong Growth Potential**: The ongoing development projects in Flagler Beach are expected to enhance the community's exposure nationally. Current projects in Flagler Beach include the $12.5 million Flagler Pier replacement and the new $17 million 100 room Margaritaville Hotel by Compass one block west of A1A on State Rd 100, just 15 blocks south of the Motel. These projects are expected to increase the upside potential of the Beachfront Motel.4. **The Motel**:The well-appointed rooms are decorated with a retro beach vibe. There are choices in room size and amenities, with some having kitchenettes. Enjoy the views and ocean breezes from the walkway balcony.With the ongoing development projects expected to increase the community's exposure nationally resulting in increased bookings and room rates, the Beachfront Motel, with its prime location and Tourist Commercial Zoning, is well-positioned to capitalize on the growing interest in Flagler Beach as a tourist destination. Overall, it is an excellent investment opportunity for those wishing to purchase beachfront property and/or looking to enter the hospitality business in this charming beachfront community.

Listing Information


Property Type: Commercial

Status: Active

Lot Size: 0.32 Acres

Square Feet: 6,796 sq ft

Year Built: 1967

Construction: Block,Wood Siding,Wood Frame

Construction Display: New Construction

Subdivision: Fuquay Sub

Foundation: Slab

Number Of Units Total: 20

County: Flagler

Construction Status: New Construction

Interior Features


Flooring: Tile

Doors/Windows: Window Treatments

Utilities


Water: Public

Sewer: Public Sewer

Other Utilities: Electricity Available,Municipal Utilities,Phone Available

Cooling: Wall/Window Unit(s)

Heating: Wall Furnace, Window Unit

Exterior / Lot Features


Parking Description: Parking Space(s), Common

Roof: Shingle

Lot View: Beach,Ocean,Water

Lot Dimensions: 100x125

Additional Exterior/Lot Features: Landscaped, Waterfront, City Lot

Waterfront Details


Standard Water Body: ATLANTIC OCEAN

Water Front Features: Beach Access, Gulf Access, Ocean Access, Waterfront

Community Features


Community Features: Beach, Sidewalks

Security Features: Smoke Detector(s)

Driving Directions


From I95, go east on State Rd 100 to A1A, then south to the property.

Financial Considerations


Terms: Cash,Conventional

Tax/Property ID: 18-12-32-2750-00010-0110

Tax Amount: 11106.05

Tax Year: 2023

Price Changes


$3,375,000 Original Price
$3,375,000 Current Price
$0Total Change
Date Price Change
03/21/2024 10.05 AM $3,375,000
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The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

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